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spammer
from CITY OF LONDON (Jamaica) on 2013-04-19 19:15 [#02454392]
Points: 160 Status: Addict
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they used to trade slaves on the NYMEX?
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listen2meTalk
on 2013-04-19 19:16 [#02454393]
Points: 575 Status: Addict
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How did they handle dividends?
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spammer
from CITY OF LONDON (Jamaica) on 2013-04-19 19:29 [#02454395]
Points: 160 Status: Addict
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thats where the term "carry trade" came from. seriously i have been reading this book on the history of finance and traders are seriously evil people. this stuff is abhorrent.
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listen2meTalk
on 2013-04-19 19:30 [#02454396]
Points: 575 Status: Addict
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Can you explain? Like, if I own 500,000 shares of SLAV and they issue a dividend do I get a BJ or something? Didn't Jefferson have huge holdings in SLAV?
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spammer
from CITY OF LONDON (Jamaica) on 2013-04-19 19:33 [#02454399]
Points: 160 Status: Addict
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i thought by dividends you meant buying a woman who was with child. this was a common way for slave traders to make profits in the 1700s to 1800s. they would secretly find out someone's slave was pregnant and buy her before he would notice so he'd get two for one.
the term of art for this was a "carry trade" since the woman was carrying. it's still used by foreign exchange traders who rape global economies to this day.
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listen2meTalk
on 2013-04-19 19:42 [#02454402]
Points: 575 Status: Addict
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I see, but that sounds more like a stock split as we know them today, in fact that scenario could be considered a 1:2 split.
Did they offer futures on SLAV? I can imagine if SLAV was suspected of raping a white woman the price might go into contango...
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spammer
from CITY OF LONDON (Jamaica) on 2013-04-19 19:50 [#02454403]
Points: 160 Status: Addict
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i think you are misunderstanding me. the NYMEX is a commodities exchange, think Frozen Concentrated Orange Juice and the crop report from Trading Places. centuries ago guys were there trading contracts on bulk quantities of slaves much like you'd trade feeder cattle or pork bellies today. they didn't care about the individual people involved, they were treated as chattel, a commodity like any other animal. disgusting.
i am going to liquidate all my pork belly holdings today and won't be buying any more (or any bacon products) until the NYMEX makes reparations.
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listen2meTalk
on 2013-04-19 19:52 [#02454404]
Points: 575 Status: Addict
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OK, I think I got it. Where were the bulk of slaves held until delivery?
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